Business Making Decision Assignment 2 BTEC Nguyen Huu Phong 2017

Business Making Decision Assignment 2 BTEC Nguyen Huu Phong 2017 tại University of Greenwich Viet Nam, đây là một trong những môn rất quan trọng và cần thiết cho những người muốn theo nghành businness cụ thể là human resource management như mình. Bài assignment này được mình làm tại trường. Các bạn có thể xem và tham khảo nhưng lư

Content

Introduction 2

2.4 The salary and work experience graph of 15 officers 3

3.1 Relationship between salary and work experiences 6

3.2 Forecasting salary and work experience 6

3.3 Prepare a business presentation using suitable software and technique to disseminate information effectively 7

3.4 Produce a formal business report 10

Conclusion 12

References 13

Introduction

Salary and experience is always two factors that a business and an employee cares The salary and experience always had an intimate relationship with the following from proportional to the inverse ratio In this report, I will analyze two factors based on a data table that I have just received This survey data tables based on 15 people surveyed on the salary and experience We will go further in each section to see this relationship

Task 2.4: The salary and work experience graph of 15 officers

The following is a table of data that it is based on 15 surveys provided to us specifically on wages and their working experience

No

Salary

(million

VND) Y

work Experiences (year) X Gender

Based on this data, we can see the work experiences of 15 persons are stretching from 1 to 8 years with the lowest wages from 19.5 million VND and the highest is 31.5 million VND Accordingly, we can see the wage

of 15 persons are in high-wage survey compared to the average wage in Vietnam According to the survey of

JS, the average salary in Vietnam is only 384 - 582 USD Next, based on the wage from 19.5 to 31.5, the number

of years of experience from 1 to 8 also shows the proportion of each other, we will see in the following section

is based on the diagram

Salary Graph:

Through the graph, we can see people surveyed had salary ranges from 19.5 million VND in the lowest and the highest is 31.5 million VND Salary can be evaluated is high compared to common ground and higher than the average wage of Vietnam However, this also shows a positive sign is that wages are rising each day each hour

Go back to the chart, the highest salary is 31.5 million VND and 1.61 times higher than 19.5 million VND and concentrate at levels from 22 to 29.5 million VND Low-wage or high depending on the level of work, working hours, work efficiency and of course depend very much on work experience High wages like this also shows the skill level and experience working as well in average

No

Salary

(million

VND)

1 23

2 19.5

3 24

4 21

5 25

6 22

7 26.5

8 23.1

9 25

10 28

11 29.5

12 26

13 27.5

14 31.5

15 29

23

19.5

24

21

25

22

26.5

23.1 25

28 29.5

26 27.5

31.5

29

0 5 10 15 20 25 30 35

Salary

Salary

Experiences Graph:

No

Experiences

(year)

According to the arrangement of work experience from low to high so I easily look out is work experience of

15 people surveyed increased gradually from 1 to 8 years The difference of up to 1/8 also shows the work experience of 15 different people very much when people most highly experienced 8 years and who have experienced low for only 1 year Work experience is an extremely important factor that has any odd-a business would also like to have people who actually have experience in the field that they need The experience is too low is also a risk if a business wants to choose, businesses need training and observed throughout the initial process of the employee However, a few businesses also desire to have people with little experience to get the creative, dare dare think of doing

Salary and Experiences of 15 officers:

No Experiences Salary

1 1

2 2

3 3

4 4

5 5

6 6

7 7

8

Experiences

12 6 26

Mix two elements are salary and experience working together, we can easily see the connection between the two elements The arrangement of the five experiences of 15 persons according to a high level from 1 to 8, their salaries under which also increases from 19.5 million VND to 31.5 million VND The this wage although uneven and there is the occasional high low but overall still wage increases based on the number of years of work experience Here is a normal element in the retail business, when a person who has experience and expertise in a field in a long time, then their wages will increase according to the proportional due to enhanced capabilities However, looking out over whether the proportionality has also been maintained or not, the answer may be not because of salary will only increase to a certain level and then stagnated and would no longer proportional to the number of years of experience

0

5

10

15

20

25

30

35

Salary and Experiences

Experiences Salary

3.1 Relationship between salary and work experiences

The chart describes the relationship between salary and experiences

- Formula analysis : y = 1,283x + 19,899 and R² = 0,73541

- Inside that:

+ x : is independence variable, is a variable, what is not changed

when an other variable was changed In this case, independence

variable is the years of experiences

+ y : is dependence variable, is a variable, what is changed depend

on changing of an other variable In this case, dependence variable

is salary

+ Following the formula, salary is depended on experiences

+ R2 : is reliability analysis This is the average percentage of

accuracy of obtained result compare with reality

Relationship between salary and work experiences:

- a<0: Negative relationship

- a>0: Positive relationship

In this case, we can see a = 1,283 >0 It shows the relationship between salary and work experiences is the positive relationship

Task 3.2 Forecasting salary and work experience

y = 1.283x + 19.899 R² = 0.7354

0

5

10

15

20

25

30

35

Experiences

Salary and Experiences

Salary Linear (Salary)

Based on the regression formula, we can forecast the salary based on working experience, following the formula

y = 1.283*x + 19.899

We have y = 1.283*x + 19.899

y: data on theory; y’: data on reality

When we choose x1 = 3 then y1= 23.748% But y1' = 25%

When we choose x2= 7 then y2 = 30.163% But y2' = 27.5%

We easily see that the actual data is always less or more difference than the theoretical data The difference more or less depends on the reliability of R2 Here R2 = 0.7354 or 73.64% equivalent should the result between the theory into reality is not much different Based on this high or low R2 so that we can assess the level of change and reliable

Task 3.3: Prepare a business presentation using suitable software and technique to disseminate information effectively

SUMMARY OUTPUT

Regression Statistics

Multiple R 0.85756

R Square 0.73541

Adjusted R

Square 0.715057

Standard

Observation

ANOVA

Significanc

e F

Regression 1 116.761 116.76

36.132

Residual 13 42.0088 3.2314

Coefficient

s

Standard

Upper 95%

Lower 95.0%

Upper 95.0%

Intercept 19.89925 1.02213 19.468

5.3E-

11 17.691

22.10

7

17.691

1

22.107

4

X Variable

4.4E-

05 0.8219

1.744

1

0.8218

RESIDUAL OUTPUT

Observation

Predicted

Y

Residual

s

Standard Residuals

3.4 Produce a formal business report

Presentation Slides

Conclusion

Through this report, we can easily notice the relationship between salary and experience Specifically

in this case, the salary depends on experience, when the number of years of experience increased the wages also increased

References

Linh, H and Nguyen, B (2016) Vietnam's salary is across Indonesia, lower than many countries, Available at: http://news.zing.vn/luong-viet-nam-ngang-indonesia-thap-hon-nhieu-nuoc-post645045.html (Accessed: 12 April 2017)